Tata Motors has rallied 7% to Rs 286 on reporting 41% year-on-year (yoy) jump in consolidated net profit at Rs 3,405 crore for the quarter ended December 2011 on the back of better performance by British division Jaguar Land Rover (JLR). The company's consolidated revenues grew 44% at Rs 45,260 crore on y-o-y basis.
“The improvement in profit is largely because of the significant improvement in performance by JLR, where a richer product and volume mix and favourable exchange rates have helped operations,” said C Ramakrishnan, chief financial officer, Tata Motors.
A combined around one million shares have changed hands on the counter in opening deals on the NSE and BSE.
